Sanctions may cost India $20 billion
Economic sanctions and the freeze on aid flows imposed by the US, Japan, Australia and some European countries are likely to cost the economy around $20 billion, according to rough estimates by the finance ministry.
Dhanuka launches Nukil 10 insecticides
Dhanuka Pesticides Ltd. in technical collaboration with Mitusi Chemicals Inc of Japan has launched the eco-friendly insecticide called Nukil 10 EC for the first time in India.
India's $2-b World Bank loans hang fire
The remainder of India's 1998 fiscal year programme under World Bank loans may suffer the same fate as the four projects worth $865 million postponed through Unites States muscle yesterday, according to Bank officials.
- Andhra may be worst hit by sanctions
Andhra Pradesh may well be the worst hit state in the country with the USA deciding on imposing sanctions. The mammoth Rs 12,000 crore aid agreed to in principle by the World Bank is especially in question. Should it be frozen or even delayed, the Chandrababu Naidu government is headed …
- Development plans fail to help Tripura tribals
Tribals of Tripura are flooded with too many development projects but many of these projects fall through as they are unsuitable for them, experts in tribal research and development in Agartala say.
World bank wants road users to pay for services
The World bank has suggested that India should revamp its Central Road Fund (CRF) and make the users pay for road services by way of road user charges. The Bank has called for setting up a strong oversight board, consisting of members from the public sector as well as the …
Changing role for Biosphere 2
Biosphere 2 is known as the world's largest enclosed ecological laboratory. The most intriguing aspect of Biosphere 2 is the sheer dynamics of trying to emulate nature artificially.
- Indian trade regime protectionist
US : The US message for India at WTO's trade policy review was that India was not doing enough about implementing WTO obligations, and should open up faster. US ambassador Rita Derrick Hayes called India's trade regime "among the most protectionist of all WTO members".
- State goes public to raise Rs 80 cr
The Government of Assam has gone public for a loan of Rs 80 crore to finance "productive development programmes and projects" to be implemented in the State, at an interest rate of 12.15 per cent per annum. A notification to this effect was issued on April 13. The loan will …
India's trade reforms engine for growth, says WTO report
India's economic reforms and liberalisation have contributed to a dramatic increase in economic growth in the mid 1990's says the latest review on India's Trade Policy Review (TPR) conducted by the World Trade Organisation (WTO).
Intelligent ancestors
australian researchers in Indonesia have found evidence that questions the assumption that the intellectual capacity of primordial humans was far below that of the modern ( Homo sapiens ). Anthropologists and other scientists have held that human intelligence crossed a threshold (a 'magical' rubicon) with the arrival of Homo sapiens …
- WTO to review India's trade policy soon
The World Trade organisation will review India's trade policy next week in which it proposes to study the country's exports-imports policy and its commitment to international agreements signed over the years.
- 'India largest borrower of World Bank'
India ranks as the largest borrower of the World Bank with the annual loan and credit components for the year 1997-98 poised to touch $3 billion, the Managing Director (Operations) of the World Bank, Mr Caio KOch-Weser, said today. The amount has doubled in two years alone, he said.
MNCs spell disaster for Indian economy
Medha Patkar: Green leader and Narmada Bachao Andolan famed Medha Patkar has warned the politicians of all hue not to run after multinational companies (MNCs) for the investments. It will ruin the country's social as well as economic structure in no time, Mr Patekar warned.
- 213 Central projects behind schedule
Inefficiencies in state governments, law and order problems and political instability have collectively contributed to time overruns in 213 major Central projects resulting in cost overshooting by an additional Rs 44,000 crore. The power sector has been thre worst sufferer with over Rs 18,000 crore additional cost to be incurred …
- India fails to file views with WTO on Sanitary & Phytosanitary Pact
India has lost an important opportunity to protect its agricultural trade interests and health standards by missing the deadline for giving its views on the crucial Sanitary & Phytosanitary (SPS) Agreement under the World Trade (WTO), which is now under review. The deadline for all member countries to offer their …
- APTDA eats up Rs 2.75 cr of Tribal fund
The officials of Assam Plains Tribes Development Authority (APTDA) had siphoned off Rs 2.75 crore during April 1, 1993 to April 30, 1996 in the name of supply of teaching-aid material to various schools, clubs , cooperative bodies etc, in plains tribes areas, when they "paid" the money to two …
